Business

Vietnam’s biggest brewer Sabeco gained after-tax profits exceeding VND4.42 trillion ($1=VND24,800) in the first nine months of 2022, a year-on-year surge of 75%. Sabeco’s revenues surpassed VND25.1 trillion, up 44% on-year, according to its latest financial statements. Meanwhile, the firm spent over VND1.8 trillion on advertisements and promotions. In the …

Major southern suppliers Nam Song Hau and Xuyen Viet Oil were suspended from importing fuel in the third quarter due to tax debts and insufficient equipment, according to the Ministry of Finance. Nam Song Hau failed to install equipment to report fuel inventory data directly to customs authorities and therefore …

Many National Assembly (NA) delegates said Saturday that there has been a lack of coordination between ministries in the recent gasoline supply crisis. Tran Anh Tuan, deputy director of the HCMC Department of Planning and Investment, told the assembly that the country recently witnessed a fuel supply “shock.” “The Ministry …

Vinh Hoan Corporation, a leading catfish exporter, reported steep falls in revenues to VND3.26 trillion (US$135.8 million) and after-tax profits to nearly VND460 billion for the third quarter. The profits were the lowest in the last four quarters. In September revenues fell 28% from the previous month to VND917 billion, …

Companies have bought back VND135.18 trillion (US$5.63 billion) worth of bonds this year, according to Vietcombank Securities. The biggest buyers have been banks, followed by property companies. According to SSI Securities, the scramble to redeem prematurely could have stemmed from the State Securities Commission’s cancellation of VND10 trillion worth of …

British travel magazine Wanderlust has listed Vietnam among 20 best places to travel to in January, citing “sunny and pleasant weather conditions.” “The weather is similarly pleasant, dry and sunny – with only slight differences between the north and south. Crowds have yet to arrive post-Christmas,” Wanderlust said, suggesting that …

The trial of a special mechanism granting HCMC greater autonomy should be extended by another year because it has been hindered by several obstacles, including the pandemic, the government says. In a report tabled in the parliament Tuesday, the government explained why it was making the request to extend Resolution …

United Nations Secretary General António Guterres said Friday that he highly values Vietnam’s role in tackling global issues as also its partnership with the world body. “Xin chao,” Guterres said, using the popular Vietnamese greeting to open his remarks at a ceremony organized to commemorate the 45th Anniversary of Vietnam’s …

Vietnam’s benchmark VN-Index dropped 3.65% to 1019.82 points Friday, its steepest decline since October 3. The index closed 38.6 points lower after losing 1.6 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 74% to VND14.62 trillion ($588.75 million). The VN-30 basket, comprising the 30 …

Vietnam raised the RON95 gasoline price up 1.55% Friday to VND22,340 ($0.9) per liter, the second hike this month. The Ministry of Industry and Trade and Ministry of Finance also raised the E5 RON92 biofuel price up 0.94% to VND21,490. Diesel prices were up 2.48% to VND24,780 per liter. Gasoline …